English

NZ Dollar Falls on Risk Aversion, Trade Deficit

The New Zealand dollar traded lower today amid mild risk aversion on the Forex market. Worse-than-expected domestic macroeconomic data was not helping either. Statistics New Zealand reported that the trade balance demonstrated a deficit of NZ$914 million in January after logging a surplus of NZ$12 million in December. Economists had predicted a smaller gap of NZ$300 million. Both imports and exports increased compared to the same period in the previous year, but […]